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Earlier this month, the Governor’s Office of Management and Budget released a five-year projection that shows the state spending $63 billion by 2030, creating an annual $5 billion deficit. In ...
Illinois Gov. J.B. Pritzker pitched a $52.7 billion state spending plan Wednesday with more money to address the migrant crisis, education and quantum computing, while proposing tax increases that ...
The Illinois Budget Impasse was a 793-day-long (2 years and 62 days) budget crisis in the state of Illinois. From July 1, 2015, to August 31, 2017, Illinois was without a complete state budget for fiscal years 2016, 2017, and part of 2018. As a result, many state agencies had to cut services or continue borrowing to operate.
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The capital bill, known as "Illinois Jobs Now!", was the first since Governor George H. Ryan's Illinois FIRST plan, which was enacted in the late-1990s. [49] On July 7, 2009, he for the second time in a week vetoed a budget bill, calling it "out of balance", his plan being to more significantly fix the budget gap in Illinois. [ 50 ]
Under the proposed amendment, transportation funds may be used by the State or local governments only for the following purposes: (1) costs related to administering transportation and vehicle laws, including public safety purposes and the payment of obligations such as bonds; (2) the State or local share necessary to secure federal funds or for ...
The proposal includes a $68.5 million property tax increase as well as a $165 million hike in fees and services. The city council has until the end of the year to approve the budget. P